Business News
BNY Mellon Shareowner Services Appointed Transfer Agent for Neenah Paper
Friday 11. January 2008 - BNY Mellon Shareowner Services today announced its appointment as principal transfer agent for Neenah Paper. Under the terms of the agreement, BNY Mellon Shareowner Services will manage all stock transfer activities for Neenah's 11,500 registered shareowners effective December 10, 2007.
“Changing transfer agents was a decision we made very thoughtfully,” said Bill McCarthy, Vice President- Financial Analysis and Investor Relations for Neenah Paper. “Ultimately, BNY Mellon’s focus on quality service and leading technologies, and their willingness to work with us in developing innovative solutions, convinced us that they were the right choice for Neenah Paper. We were also pleased with the broad range of resources available from their newly combined organization following the July merger of The Bank of New York and Mellon Financial Corporation.”
“We’re grateful that Neenah Paper has entrusted us with this important mandate, and we’re fully committed to providing them with an outstanding customer experience,” said Gretchen Mohen, President of BNY Mellon Shareowner Services. “In carrying out this mandate, we’ll apply our strategic focus on being not merely a service provider, but rather a solutions provider that listens to and acts on the collective voice of our clients, serving as an extension of the client’s organization.”
Neenah Paper is a leading manufacturer of premium papers and specialty products, with well-known brands such as CLASSIC(R), ENVIRONMENT(R), STARWHITE(R), KIMDURA(R) and Gessner(R) and varitess(R). Based in Alpharetta, Ga., the company has manufacturing operations in the United States, Germany, and Canada and sells its products to customers around the world. The company is publicly traded on the New York Stock Exchange.
In addition to its top-ranked stock transfer services, BNY Mellon Shareowner Services offers a comprehensive suite of products and services ranging from record keeping and corporate actions to demutualizations, direct investment, dividend reinvestment, proxy solicitation and employee stock plan administration. BNY Mellon Shareowner Services is part of The Bank of New York Mellon’s Issuer Services group, which is also a leading provider of corporate trust services and the market leader in servicing depositary receipts with more than 1,300 sponsored programs.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt.